Will FSLR's cost control measures sustain in 2025?

**First Solar's (FSLR) cost control measures are likely to sustain in 2025**, considering the following factors: 1. **Strategic Positioning**: First Solar's use of Cadmium Telluride (CdTe) technology shields it from polysilicon shortages and allows for higher efficiency and durability compared to traditional silicon panels. This strategic choice is likely to contribute to sustained cost control measures. 2. **Long-Term Contracts**: The company maintains high average selling prices through long-term contracts, which helps in managing costs and ensuring revenue stability. This approach is less susceptible to market fluctuations and supply chain disruptions. 3. **Inflation Reduction Act Benefits**: First Solar benefits from the Inflation Reduction Act, which provides financial protections under the act, ensuring a stable financial result environment. This legislative support is a positive indicator for the company's cost control measures. 4. **Technological Advancements**: The company continues to invest in research and development to enhance module efficiency, which can lead to cost reductions through economies of scale and improved productivity. Technological advancements often underpin cost control efforts. 5. **Market Demand and Growth**: The solar industry is expected to grow at a significant pace, which can help First Solar spread its fixed costs over a larger volume of production, potentially leading to better cost control. As demand increases, the company can optimize its production capacity and reduce unit costs. 6. **Financial Resilience**: First Solar's strong financial position, as evidenced by its net cash balance and liquidity, provides a buffer against potential cost shocks and allows the company to invest in its operations and supply chain without compromising its financial health. In conclusion, while specific cost figures are not available for 2025, the combination of First Solar's strategic technology choices, long-term contracts, legislative support, and ongoing technological advancements, along with the expected growth in the solar industry, suggest that the company's cost control measures are likely to be sustainable in 2025.